South America Blockchain Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Component (Solutions and Services), Application (Payments, Exchanges, Smart Contracts, Documentation, Digital Identity, Governance, Risk and Compliance, and Others), and Industry Vertical (BFSI, Retail, Government, Transportation and Logistics, Healthcare, Automotive, Media and Entertainment, and Others)
The blockchain market in South America is expected to grow from US$ 171.52 million in 2021 to US$ 5,494.72 million by 2028; it is estimated to grow at a CAGR of 64.1% from 2021 to 2028.
The adoption of blockchain technology is still in its nascent stages, and it is growing at different speeds in different countries. The adoption of blockchain depends on government support and a favorable business environment. blockchain technology has immense potential to transform businesses and government services. For sustainable growth of the blockchain market, a unified regulatory framework is crucial, and it depends on the governments' will. The opportunities in various countries will grow exponentially depending on the supportive government initiatives. Moreover, the rising use cases of blockchain in government applications is another positive sign for companies operating in this market. Some of the most common public sector use cases include digital identity, digital voting, inter & intragovernmental transactions, documentation records, and supply chain traceability.
Governments of South American countries have taken an array of actions to protect their citizens and contain the spread of COVID-19 infection through lockdowns, trade bans, and travel restrictions. The spread of SARS-CoV-2 has interrupted the operations of the BFSI sector. With growing manufacturing, energy & utilities, retail industries, businesses in this region are increasingly implementing security and vulnerability management solutions to enable data security, prevent cyber-attacks and commercial espionage, and ensure security and privacy of data to facilitate business continuity.
South America Blockchain Market Revenue and Forecast to 2028 (US$ Million)
South America Blockchain Market Segmentation
South America Blockchain Market – By Component
- Solutions
- Services
South America Blockchain Market – By Application
- Payments
- Exchanges
- Smart Contracts
- Documentation
- Digital Identity
- Governance, Risk and Compliance
- Others
South America Blockchain Market – By Industry Vertical
- BFSI
- Retail
- Government
- Transportation and Logistics
- Healthcare
- Automotive
- Media and Entertainment
- Others
South America Blockchain Market– By Country
- Brazil
- Argentina
- Rest of South America
South America Blockchain Market-Companies Mentioned
- Accenture
- Amazon Web Services
- Hewlett Packard Enterprise Development LP (HPE)
- IBM Corporation
- Intel Corporation
- Microsoft Corporation
- Oracle Corporation
- Ripple Labs Inc.
- SAP SE
1. Introduction
1.1 Scope of the Study
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
1.3.1 SAM Blockchain Market – By Component
1.3.2 SAM Blockchain Market – By Application
1.3.3 SAM Blockchain Market – By Industry Vertical
1.3.4 SAM Blockchain Market – By Country
2. Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. SAM Blockchain Market Landscape
4.1 Market Overview
4.2 PEST Analysis
4.2.1 SAM
4.3 Ecosystem Analysis
4.4 Expert Opinion
5. SAM Blockchain Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Extensive Adoption of Blockchain Solutions in BFSI Industry Vertical
5.1.2 High Transparency and Operational Efficiency with Substantial Cost Savings
5.1.3 Increase in Innovative Start-ups
5.2 MARKET RESTRAINTS
5.2.1 Data Privacy, Confidentiality, and Security Concerns
5.2.2 Unclear Regulatory Environment
5.2.3 Interoperability, Scalability, and Sustainability Challenges
5.3 MARKET OPPORTUNITIES
5.3.1 Rising Government Support and Initiatives
5.3.2 Increasing Demand for Blockchain-as-a-Service Due to COVID-19 Pandemic
5.4 FUTURE TRENDS
5.4.1 Combination of Blockchain and Artificial Intelligence for Advanced Applications
5.4.2 Application of Blockchain in Vaccine Manufacture and Tracking
5.5 Impact Analysis of Drivers and Restraints
6. Blockchain Market – SAM Market Analysis
6.1 SAM Blockchain Market Overview
6.2 SAM Blockchain Market Forecast and Analysis
7. SAM Blockchain Market – By Component
7.1 Overview
7.2 SAM Blockchain Market, by Component (2020 and 2028)
7.3 Services
7.3.1 Overview
7.3.2 Services: SAM Blockchain Market– Revenue and Forecast to 2028 (US$ Million)
7.4 Solutions
7.4.1 Overview
7.4.2 Solutions: SAM Blockchain Market– Revenue and Forecast to 2028 (US$ Million)
8. SAM Blockchain Market – By Application
8.1 Overview
8.2 SAM Blockchain Market, by Application (2020 and 2028)
8.3 Payments
8.3.1 Overview
8.3.2 Payments: SAM Blockchain Market – Revenue and Forecast to 2028 (US$ Million)
8.4 Exchanges
8.4.1 Overview
8.4.2 Exchanges: SAM Blockchain Market – Revenue and Forecast to 2028 (US$ Million)
8.5 Smart Contracts
8.5.1 Overview
8.5.2 Smart Contracts: SAM Blockchain Market – Revenue and Forecast to 2028 (US$ Million)
8.6 Documentation
8.6.1 Overview
8.6.2 Documentation: SAM Blockchain Market – Revenue and Forecast to 2028 (US$ Million)
8.7 Digital Identity
8.7.1 Overview
8.7.2 Digital Identity: SAM Blockchain Market – Revenue and Forecast to 2028 (US$ Million)
8.8 Governance, Risk and Compliance
8.8.1 Overview
8.8.2 Governance, Risk and Compliance: SAM Blockchain Market – Revenue and Forecast to 2028 (US$ Million)
8.9 Others
8.9.1 Overview
8.9.2 Others: SAM Blockchain Market – Revenue and Forecast to 2028 (US$ Million)
9. SAM Blockchain Market – By Industry Vertical
9.1 Overview
9.2 SAM Blockchain Market, by Industry Vertical (2020 and 2028)
9.3 BFSI
9.3.1 Overview
9.3.2 BFSI: SAM Blockchain Market – Revenue and Forecast to 2028 (US$ Million)
9.4 Retail
9.4.1 Overview
9.4.2 Retail: SAM Blockchain Market – Revenue and Forecast to 2028 (US$ Million)
9.5 Government
9.5.1 Overview
9.5.2 Government: SAM Blockchain Market – Revenue and Forecast to 2028 (US$ Million)
9.6 Transportation and Logistics
9.6.1 Overview
9.6.2 Transportation and Logistics: SAM Blockchain Market – Revenue and Forecast to 2028 (US$ Million)
9.7 Healthcare
9.7.1 Overview
9.7.2 Healthcare: SAM Blockchain Market – Revenue and Forecast to 2028 (US$ Million)
9.8 Automotive
9.8.1 Overview
9.8.2 Automotive: SAM Blockchain Market – Revenue and Forecast to 2028 (US$ Million)
9.9 Media and Entertainment
9.9.1 Overview
9.9.2 Media and Entertainment: SAM Blockchain Market – Revenue and Forecast to 2028 (US$ Million)
9.10 Others
9.10.1 Overview
9.10.2 Others: SAM Blockchain Market – Revenue and Forecast to 2028 (US$ Million)
10. SAM Blockchain Market – Country Analysis
10.1 Overview
10.1.1 SAM Blockchain Market Breakdown, by Country
10.1.1.1 Brazil Blockchain Market, Revenue and Forecast to 2028
10.1.1.1.1 Brazil Blockchain Market Breakdown, By Component
10.1.1.1.2 Brazil Blockchain Market Breakdown, By Application
10.1.1.1.3 Brazil Blockchain Market Breakdown, By Industry Vertical
10.1.1.2 Argentina Blockchain Market, Revenue and Forecast to 2028
10.1.1.2.1 Argentina Blockchain Market Breakdown, By Component
10.1.1.2.2 Argentina Blockchain Market Breakdown, By Application
10.1.1.2.3 Argentina Blockchain Market Breakdown, By Industry Vertical
10.1.1.3 Rest of SAM Blockchain Market, Revenue and Forecast to 2028
10.1.1.3.1 Rest of SAM Blockchain Market Breakdown, By Component
10.1.1.3.2 Rest of SAM Blockchain Market Breakdown, By Application
10.1.1.3.3 Rest of SAM Blockchain Market Breakdown, By Industry Vertical
11. Impact of COVID-19 Pandemic on Blockchain Market
11.1 Overview
12. Industry Landscape
12.1 Overview
12.2 Market Initiative
12.3 New Product Development
12.4 Merger and Acquisition
13. Company Profiles
13.1 IBM Corporation
13.1.1 Key Facts
13.1.2 Business Description
13.1.3 Products and Services
13.1.4 Financial Overview
13.1.5 SWOT Analysis
13.1.6 Key Developments
13.2 Microsoft Corporation
13.2.1 Key Facts
13.2.2 Business Description
13.2.3 Products and Services
13.2.4 Financial Overview
13.2.5 SWOT Analysis
13.2.6 Key Developments
13.3 Accenture
13.3.1 Key Facts
13.3.2 Business Description
13.3.3 Products and Services
13.3.4 Financial Overview
13.3.5 SWOT Analysis
13.3.6 Key Developments
13.4 Amazon Web Services
13.4.1 Key Facts
13.4.2 Business Description
13.4.3 Products and Services
13.4.4 Financial Overview
13.4.5 SWOT Analysis
13.4.6 Key Developments
13.5 SAP SE
13.5.1 Key Facts
13.5.2 Business Description
13.5.3 Products and Services
13.5.4 Financial Overview
13.5.5 SWOT Analysis
13.5.6 Key Developments
13.6 Ripple Labs Inc.
13.6.1 Key Facts
13.6.2 Business Description
13.6.3 Products and Services
13.6.4 Financial Overview
13.6.5 SWOT Analysis
13.6.6 Key Developments
13.7 Hewlett Packard Enterprise Development LP (HPE)
13.7.1 Key Facts
13.7.2 Business Description
13.7.3 Products and Services
13.7.4 Financial Overview
13.7.5 SWOT Analysis
13.7.6 Key Developments
13.8 Oracle Corporation
13.8.1 Key Facts
13.8.2 Business Description
13.8.3 Products and Services
13.8.4 Financial Overview
13.8.5 SWOT Analysis
13.8.6 Key Developments
13.9 Intel Corporation
13.9.1 Key Facts
13.9.2 Business Description
13.9.3 Products and Services
13.9.4 Financial Overview
13.9.5 SWOT Analysis
13.9.6 Key Developments
14. Appendix
14.1 About The Insight Partners
14.2 Glossary
LIST OF TABLES
Table 1. SAM Blockchain Market Revenue and Forecast, 2019–2028 (US$ Mn)
Table 2. SAM Blockchain Market, Revenue and Forecast to 2028 – By Country (US$ million)
Table 3. Brazil Blockchain Market, Revenue and Forecast to 2028 – By Component (US$ million)
Table 4. Brazil Blockchain Market, Revenue and Forecast to 2028 – By Application (US$ million)
Table 5. Brazil Blockchain Market, Revenue and Forecast to 2028 – By Industry Vertical (US$ million)
Table 6. Argentina Blockchain Market, Revenue and Forecast to 2028 – By Component (US$ million)
Table 7. Argentina Blockchain Market, Revenue and Forecast to 2028 – By Application (US$ million)
Table 8. Argentina Blockchain Market, Revenue and Forecast to 2028 – By Industry Vertical (US$ million)
Table 9. Rest of SAM Blockchain Market, Revenue and Forecast to 2028 – By Component (US$ million)
Table 10. Rest of SAM Blockchain Market, Revenue and Forecast to 2028 – By Application (US$ million)
Table 11. Rest of SAM Blockchain Market, Revenue and Forecast to 2028 – By Industry Vertical (US$ million)
Table 12. Glossary of Terms, SAM Blockchain Market
LIST OF FIGURES
Figure 1. SAM Blockchain Market Segmentation
Figure 2. SAM Blockchain Market Segmentation – Country
Figure 3. SAM Blockchain Market Overview
Figure 4. SAM Blockchain Market, By Component
Figure 5. SAM Blockchain Market, By Application
Figure 6. SAM Blockchain Market, By Industry Vertical
Figure 7. SAM Blockchain Market, By Country
Figure 8. SAM: PEST Analysis
Figure 9. SAM Blockchain Market Ecosystem Analysis
Figure 10. Expert Opinion
Figure 11. SAM Blockchain Market Impact Analysis of Drivers and Restraints
Figure 12. SAM Blockchain Market, Forecast and Analysis (US$ Mn)
Figure 13. SAM Blockchain Market Revenue Share, by Component (2020 and 2028)
Figure 14. Services: SAM Blockchain Market– Revenue and Forecast to 2028 (US$ Million)
Figure 15. Solutions: SAM Blockchain Market– Revenue and Forecast to 2028 (US$ Million)
Figure 16. SAM Blockchain Market Revenue Share, by Application(2020 and 2028)
Figure 17. Payments: SAM Blockchain Market – Revenue and Forecast to 2028 (US$ Million)
Figure 18. Exchanges: SAM Blockchain Market – Revenue and Forecast to 2028 (US$ Million)
Figure 19. Smart Contracts: SAM Blockchain Market – Revenue and Forecast to 2028 (US$ Million)
Figure 20. Documentation: SAM Blockchain Market – Revenue and Forecast to 2028 (US$ Million)
Figure 21. Digital Identity: SAM Blockchain Market – Revenue and Forecast to 2028 (US$ Million)
Figure 22. Governance, Risk, and Compliance: SAM Blockchain Market – Revenue and Forecast to 2028 (US$ Million)
Figure 23. Others: SAM Blockchain Market – Revenue and Forecast to 2028 (US$ Million)
Figure 24. SAM Blockchain Market Revenue Share, by Industry Vertical(2020 and 2028)
Figure 25. BFSI: SAM Blockchain Market – Revenue and Forecast to 2028 (US$ Million)
Figure 26. Retail: SAM Blockchain Market – Revenue and Forecast to 2028 (US$ Million)
Figure 27. Government: SAM Blockchain Market – Revenue and Forecast to 2028 (US$ Million)
Figure 28. Transportation and Logistics: SAM Blockchain Market – Revenue and Forecast to 2028 (US$ Million)
Figure 29. Healthcare: SAM Blockchain Market – Revenue and Forecast to 2028 (US$ Million)
Figure 30. Automotive: SAM Blockchain Market – Revenue and Forecast to 2028 (US$ Million)
Figure 31. Media and Entertainment: SAM Blockchain Market – Revenue and Forecast to 2028 (US$ Million)
Figure 32. Others: SAM Blockchain Market – Revenue and Forecast to 2028 (US$ Million)
Figure 33. SAM Blockchain Market, by key Country- Revenue (2020) (US$ million)
Figure 34. SAM Blockchain Market Breakdown, by Country, 2020 & 2028 (%)
Figure 35. Brazil Blockchain Market, Revenue and Forecast to 2028 (US$ million)
Figure 36. Argentina Blockchain Market, Revenue and Forecast to 2028 (US$ million)
Figure 37. Rest of SAM Blockchain Market, Revenue and Forecast to 2028 (US$ million)
Figure 38. Impact of COVID-19 Pandemic in SAM Country Markets
- Accenture
- Amazon Web Services
- Hewlett Packard Enterprise Development LP (HPE)
- IBM Corporation
- Intel Corporation
- Microsoft Corporation
- Oracle Corporation
- Ripple Labs Inc.
- SAP SE
- Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the South America Blockchain Market.
- Highlights key business priorities in order to assist companies to realign their business strategies
- The key findings and recommendations highlight crucial progressive industry trends in the South America Blockchain Market, thereby allowing players across the value chain to develop effective long-term strategies
- Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
- Scrutinize in-depth South America market trends and outlook coupled with the factors driving the Blockchain Market, as well as those hindering it
- Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution